Swiss National Bank Has $15.73 Million Holdings in Kyndryl Holdings, Inc. (NYSE:KD)

Swiss National Bank boosted its position in shares of Kyndryl Holdings, Inc. (NYSE:KD) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 454,700 shares of the company’s stock after buying an additional 4,700 shares during the period. Swiss National Bank’s holdings in Kyndryl were worth $15,733,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KD. FMR LLC boosted its stake in Kyndryl by 35.1% in the third quarter. FMR LLC now owns 6,036,908 shares of the company’s stock valued at $138,728,000 after buying an additional 1,569,260 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Kyndryl by 62.6% in the third quarter. Westfield Capital Management Co. LP now owns 3,259,082 shares of the company’s stock worth $74,894,000 after acquiring an additional 1,254,208 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in shares of Kyndryl in the 3rd quarter valued at approximately $20,213,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Kyndryl by 166.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 839,178 shares of the company’s stock valued at $19,284,000 after purchasing an additional 524,168 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in Kyndryl during the 4th quarter worth approximately $16,856,000. 71.53% of the stock is owned by institutional investors.

Kyndryl Trading Up 2.6 %

KD opened at $35.41 on Thursday. The company’s 50 day moving average price is $38.21 and its two-hundred day moving average price is $31.83. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 64.38, a PEG ratio of 10.84 and a beta of 1.85. Kyndryl Holdings, Inc. has a fifty-two week low of $19.24 and a fifty-two week high of $43.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.09 and a quick ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer raised their target price on shares of Kyndryl from $37.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Susquehanna raised their price objective on Kyndryl from $40.00 to $46.00 and gave the company a “positive” rating in a report on Wednesday, February 5th. Finally, Bank of America assumed coverage on Kyndryl in a report on Friday, November 22nd. They issued a “buy” rating and a $40.00 target price for the company.

Insider Buying and Selling

In related news, General Counsel Edward Sebold sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.83, for a total value of $1,177,825.00. Following the sale, the general counsel now directly owns 132,818 shares in the company, valued at $5,688,594.94. This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vineet Khurana sold 55,465 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $42.81, for a total transaction of $2,374,456.65. Following the transaction, the senior vice president now owns 43,877 shares of the company’s stock, valued at approximately $1,878,374.37. The trade was a 55.83 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by insiders.

About Kyndryl

Kyndryl Holdings, Inc operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services.